Set up company in Vietnam and comply
Vietnam’s economy is increasingly diversified in terms of business activities and business regulations are also constantly being improved and enhanced. Accordingly, foreign investors can freely choose the right type of business to set up company in Vietnam. After the investors set up company in Vietnam, the continuous procedures to comply is always a matter of great interest to foreign investors. Why it is important to comply with the laws after the investors set up company in Vietnam? Complying with the law after the investors set up comp…
Potential to attract investment when iPhone can be assembled in Vietnam
iPhone is the name of the smartphone line from Apple – a large American technology corporation. The iPhone is a high-end technology product and is used by many people around the world. Currently, Apple assembles the majority of iPhones in factories located in China, and components are manufactured in India, Thailand, the US and many other places. The setting up of iPhone manufacturing facilities in Vietnam will attract other investors to set up company in Vietnam . Pegatron is one of three iPhone production partners for Apple that is und…
7 basic steps to set up a business and comply with Vietnam laws
Vietnam's economy is increasingly diversified in terms of business activities and business regulations are also constantly being improved and enhanced. Accordingly, foreign investors can freely choose the right type of business. Therefore, the set up company in Vietnam is always a matter of great interest to foreign investors whom find business opportunities in Vietnam. With the promulgation of the enterprise law, the business setting up process has been adjusted with many favorable regulations for investors. However, in order for a bu…
German Investors Funded 15 Million USD for Kinh Bac to Implement Workshop Project
The total investment value of the project is 33.4 million USD, equivalent to about 755 billion VND, which is invested in construction and development in industrial zones. According to information from Kinh Bac City Development Holding Corporation (KBC), the subsidiary of this unit is Kinh Bac Office and Workshop Trading One-Member Limited Company has just reached an agreement: signed contract to finance a project to build a workshop with the German Investment Corporation (DEG) under the German Development Bank (KfW). KfW is now managing mor…
IHI Corporation (Japan) Wants to Participate in Transportation Projects in Hai Phong
Japan is a familiar investor in the Vietnamese market , many Japanese companies have set up business in Vietnam and IHI Corporation is not an exception. Recently, Hai Phong People's Committee has been working with the delegation of IHI Corporation (Japan) to explore opportunities to participate in transportation projects in Hai Phong. At the meeting, Mr Atsushi Kutawa - Managing Director of Operations, President in charge of business of IHI Corporation has talked about the company's business situation with city leaders. In partic…
Hemaraj (Thailand) Builds Billion-Dollar Industrial Park in Nghe An
Nghe An - a province located in the central region of Vietnam always has a lot of attractive incentives for foreign investors who come and set up business in Vietnam . In which, Nghe An has a number of solutions to support infrastructure enterprises to quickly implement large-scale industrial parks, including the Hemaraj industrial park – which is preparing to start construction. According to the plan, at the end of October 2017, Hemaraj industrial park project in the South East Economic Zone will be started construction by Hemaraj Group (…
Mavin Pledged to Invest 80 Million USD in Nghe An
Mavin Group (Australia) has operated in Vietnam for a long time and now they do not hide their ambition to expand investment and set up business in Vietnam . In February 2017, Mavin Group inaugurated an animal feed production factory in Nghe An. This plant has a total investment of 15 million USD, which is built on an area of 3.6 ha and has a capacity of 300,000 tons per year. Mavin Group has invested in Vietnam for more than 12 years and now has production facilities in 7 provinces and branches, warehouses in 19 different provinces in the…
Korea Leads FDI in Vietnam
The flow of FDI capital into Vietnam has continued to grow strongly over the years, demonstrating the confidence of foreign investors when deciding to set up business in Vietnam . According to data from the Foreign Investment Agency (Ministry of Planning and Investment), the total amount of FDI capital such as new registered, capital increase, capital contribution and share purchase in the first 7 months of 2017 is 21.93 billion USD, increases by 52% over the same period in 2016. Of these, the new registered capital was 12.92 billion USD, …
Guangdong, Hong Kong Businesses Seeking Opportunities in Vietnam
60 enterprises coming from Guangdong, Hong Kong (China) are visiting Hanoi, exploring opportunities to set up business in Vietnam . The conference between Vietnam and Guangdong, Hong Kong enterprises is organized in Hanoi. In addition to 60 businesses wishing to explore investment opportunities with Vietnam enterprises, the conference also attracted delegates including Government and business leaders from 12 provinces and cities of Vietnam, Guangdong and Hong Kong, along with enterprises, leaders of many provinces and cities of Vietnam, es…
First Solar Re-Launch Billion Dollars Project in HCMC
First Solar Corporation - one of the US investors have set up business in Vietnam in the field of high technology. After several years of halt operation, First Solar Corporation (USA) has officially restarted the project of manufacturing solar panel with thin-film technology in Ho Chi Minh City (HCMC). So far, First Solar’s project (in the Dong Nam Industrial Zone, Cu Chi district, HCMC, investment capital of 1.2 billion USD) is still the only and largest scale project, producing solar panel with thin-film technology in industrial parks a…
Vietnam - Russian Federation: Cooperation in The Spirit of Friendship
There are many opening opportunities, so that the Russian Federation enterprises can come to explore and set up business in Vietnam and vice versa. Previously, there is almost a constant law, that is only Vietnam come to promote investment abroad, now the story seems to be different. Japan has organized an investment promotion conference in Vietnam. And just recently, on March 2017, during a visit to Vietnam of Mr Yuri Trutnhev - Deputy Prime Minister, Russian Presidential Representative in the Far Eastern Federation, also held the same i…
Thailand's FDI into Vietnam Reached 8.13 billion USD
By the end of March 2017, Thai investors had invested in 458 projects with a total registered investment capital of 8.13 billion USD, standing at the 10 th position out of 115 countries and territories investing into Vietnam. With the determination of the two Governments and the proactive of businesses, the economic cooperation between Vietnam and Thailand will grow strongly and reach the target of 20 billion USD in bilateral trade by 2020. Vietnam-Thailand trade relation has grown by more than 40% during the past five years. Specially in …
Hong Kong Investors Explore Vietnam Infrastructure Projects
Hong Kong investors are promoting investment in southern provinces in the areas such as infrastructure investment, waste water treatment, waste and also learn about set up company in Vietnam . Recently, about 40 Hong Kong investors and experts in investment and infrastructure development sectors have visited Ho Chi Minh City. Sharing the purpose of this business trip, Mr Vincent HS Lo - Chairman of the Hong Kong Trade Development Council said that these investors are people who have a lot of experiences in the financial, consulting, archit…
Strengths in FDI Attraction of Vietnam
Vietnam has many strong points in FDI attraction that foreign investors are very interested in. This has made Vietnam an attractive destination for investors to set up company in Vietnam . Firstly, the stable security and political situation is an important condition for deciding to set up long-term investment activities in Vietnam. Moreover, Vietnam has a favorable geographic position in trade with the world as well as a connection hub of the region and a gateway to penetrate economies in the western part of the Indochina Peninsula. Third…
French Corporation Opens "Laughing Cow" Cheese Factory in Vietnam
According to the European Supermarket magazine, Bel Group (France) has just opened a 1 ha plant in Vietnam to produce "laughing cow" cheese to serve the Southeast Asian market, marking their first penetration into the Vietnamese market. The new plant will produce an additional 3 million pieces of cheese a week, doubling the output for the region. In addition to being sold in Vietnam, the product will be exported to the Philippines, Singapore, Cambodia and Thailand. Bel Group began construction of this plant in July 2015 in Binh Du…
SCG (Thailand) Pours Capital into Vietnam Petrochemical Sector
With the acquisition of 25% shares from Qatar Petroleum at Long Son Petrochemical Refinery Complex project, SCG Group (Thailand) continues to strengthen its position as a major investor in Viet Nam petrochemical sector. Previously, Vina SCG Chemicals (VSCG), a wholly-owned subsidiary of SCG in Vietnam, has signed contract to acquire shares of QPI Vietnam Limited (QPIV), a subsidiary of Qatar Petroleum to receive all 25% shares in Long Son Petrochemical Co., Ltd - the investor of Long Son petrochemical complex, according to a press release p…
Due Diligence in Choosing Business Partner
Joint ventures and association in business will bring many opportunities for the development and success, especially expanding and making entry into new Vietnam as new market through cross border transaction, setting up company , acquiring shares in new company. However, it is not easy to choose partners to help maximize the value for business, especially in this difficult time. That is the reason why we should conduct the due diligence research in Vietnam before making any decision. According to experts, there are enterprises that growi…
FDI Status in 11 Months of 2016
Vietnam has become an ideal destination for foreign investors from many countries to come and invest in Vietnam. Generally in the first 11 months of 2016, total newly registered and additional capital reach 18.103 billion USD, equivalent to 89.5% compared with the same period in 2015. Operational status: Implemented capital: As of November 20 th 2016, it is estimated that the foreign direct investment (FDI) projects have disbursed 14.3 billion USD, increased by 8.3% over the same period in 2015. Exports and imports: Exports of the foreign …
Forms of Public Private Partnership Investment in Vietnam
Public investment in Vietnam is not just limited to the transportation infrastructure, electricity, renewable energy, water, health and environment, but also in areas such as education, training, vocational training, culture, sports, commercial infrastructure complex, science and technology, economic zones, industrial zones... Vietnam is in the development stage that needs significant investment in infrastructure. However, the state budget is limited, and donor funds have been reduced and limited. Therefore, the investment pattern in the f…
Why Japan Investors Invest in Vietnam
The depreciation of yen against dollar, more available funds for loans from Japanese banks, and the fast aging population make Japanese corporations increasing investment in foreign markets including Vietnam through setting up business venture . In a morning of Jan 22 nd 2015, the office of Ministry of Planning and Investment and Foreign Investment Agency have met and worked with small and medium business delegation of Japan to explore investment opportunities in Vietnam. The Japanese business delegation led by Mr. Shuichi Kageyama, vice…
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